MILAN — In a further sign that luxury goods continue to buck the global economic downturn, the market is expected to grow 13 percent to sales of 700 billion euros, or $971.2 billion at current exchange, this year, according to research by Bain & Co. and Fondazione Altagamma.
The research covered all categories of luxury, including cars, furniture, wine, travel and yachts, as well as fashion.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)